Tax & Regulation | 23 Nov 16
Chancellor cuts growth forecasts, announces £23bn ‘productivity fund’
In delivering his Autumn Statement this afternoon chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn ($28.7bn, €27bn) fund to tackle a lack of productivity in the British economy.
Bank of Singapore to open financial advice unit in Dubai
A subsidiary of one of Singapore’s largest banks, OCBC Bank, has confirmed it will offer financial advice to wealthy individuals in the Middle East when it opens a new office in Dubai next year.
Tax & Regulation | 22 Nov 16
Seven changes advisers should expect from the Autumn Statement
International Adviser rounds up the expert views on what to expect ahead of the UK chancellor Philip Hammond’s debut Autumn Statement on Wednesday.
Macro Views | 21 Nov 16
It is time for active managers to leave benchmarks behind
Benchmarks are a vital part of the asset management sector. Funds are measured against them, bonuses worked out in relation to them and entire sectors of the industry predicated upon them. But, if recent trends are extrapolated outwards, the days of the benchmark in its current form should be numbered.
Not all inflation expectations are equal – Pioneer
The sharp jump in global inflation expectations since Donald Trump’s US election success papers over several significant differences in the inflation path for different countries, said Tanguy Le Saout.